Way2vat
Financials
Estimates*
AUD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 1.3m | 2.0m | 3.2m |
% growth | - | 53 % | 57 % |
EBITDA | (4.9m) | (6.8m) | (5.8m) |
% EBITDA margin | (370 %) | (339 %) | (183 %) |
Profit | (6.7m) | (7.3m) | (6.6m) |
% profit margin | (510 %) | (360 %) | (207 %) |
R&D budget | (<1m) | <1m | <1m |
R&D % of revenue | (14 %) | 22 % | 14 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | N/A | Angel | |
$1.5m | Seed | ||
$3.5m | Series A | ||
N/A | N/A | IPO | |
* | N/A | AUD1.1m | Private Placement VC |
* | N/A | AUD4.0m | Private Placement VC |
* | N/A | AUD4.3m | Post IPO Equity |
Total Funding | $8.3m |
Recent News about Way2vat
EditWay2VAT is a leading provider of automated VAT and GST reclaim solutions, utilizing patented artificial intelligence technology to maximize operational efficiency and reclaim up to 30% more in taxes. Established in 2016, the company serves a diverse range of clients including multinational corporations and SMEs, operating primarily in the financial technology sector. Way2VAT's business model revolves around offering a fully automated, end-to-end VAT and GST reclaim service, which includes report generation, submission, and recovery. The company generates revenue through a combination of service fees and a percentage of the reclaimed VAT and GST amounts. Headquartered in Tel Aviv, with additional offices in London and Craiova, Romania, Way2VAT has grown to a team of over 47 employees and serves more than 150 clients globally. The company is publicly traded on the Australian Stock Exchange (ASX), reflecting its strong market position and growth potential.
Keywords: VAT reclaim, GST reclaim, AI technology, automated solutions, financial technology, multinational clients, SMEs, operational efficiency, ASX-listed, end-to-end service.